First Presbyterian Academy Inc

Analysis

First Presbyterian Academy Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, First Presbyterian Academy Inc reported income of $6.2m and spending of $5.4m, spending 87% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $5.7m to $6.2m (+8.9%), an average of +4.3% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Presbyterian Academy Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within SC. Charities of a similar size with the same main cause include Innovations Academy ($6.2m), University of Arizona Applied Research Corporation ($6.2m) and Bartlett Learning Center Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $8.7m against liabilities of $4.6m, net assets of $4.0m. It reported 135 employees.